Friday, 5 June 2015

YOUR RESPONSE: Pan Card mandatory, Jewellers worried- Sunil Potdar

The disclosure of PAN card rule will result in revenue loss to the jewellery retailers who are operating in tier 2 and 3 cities and also, who are selling to the rural population. 60 per cent of my clients are from rural areas and most of them have not been issued a PAN card. Even other documents such as Driving Licence, Aadhaar Card, etc., are not available with them. This proposal will backfire as it may lead to unaccounted transactions.

Sunil Potdar
President, Belgaum Saraf Vyapari
Sangha, Belgaum

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